Daily Archives: October 22, 2018

When to claim Input Tax Credit on Reverse Charge Mechanism When can I take Input Tax credit , If GST under Reverse Charge Mechanism belonging to Financial year 2017-18 is paid in Financial Year 2018-19 ? Answer : Input Tax Credit of RCM only after payment is made : Recipient can avail the ITC on goods and services… Read More »

whether movement of tyre mounted cranes or crawler cranes from one GST registered office of SML to another registered office of SML for further supply on hire charges to customers would be treated as “taxable supply” under GST law or whether GST would not be leviable on the said movement and when a tyre-mounted crane… Read More »

Classification of ElectroInk supplied along with consumables under GST; and Determination of time and value of supply of ElectroInk with consumables under the indigo press Contract? Held Supply of Electro Ink supplied with consumables is a mixed supply as defined under Section 2(74) of CGST Act 2017 and is a continuous supply of Goods u/s… Read More »

Whether educational courses offered by the Applicant which have been approved by National Skill Development Corporation (hereinafter referred to as “NSDC”) would be construed as in relation to National Skill Development Programme implemented by NSDC? And in continuation of the same their further query is that whether they are eligible for exemption from GST as… Read More »

Constant growth in direct tax-GDP ratio over last three years Growth of more than 80% in the number of returns filed in the last four financial years Number of persons filing return of income has also increased by about 65% during this period from 3.31 crore in FY 2013-14 to 5.44 crore in FY 2017-18… Read More »

Whether on facts and circumstances of the case, the input tax credit of tax paid on costs proposed to be incurred in relation to activities mentioned in Annexure 4 ( costs proposed to be incurred for ‘Extension Project’ for activities in relation to building works, fire protection work, Air condition work, utility work and electrical works… Read More »

Since entry 7(i) covers canteens located in any establishment (including factories, offices, offshore rigs, etc and not just educational institutions), Circular No. 28/02/2018-GST applies to canteens located any type of establishment (and not just in educational institution) and catering services, i.e., supply of food or drink in a mess or canteen provided by anyone are… Read More »

GSTR 3B Due date for September 2018 Extended Press Release – Extension of due date to October 25, 2018 for furnishing return in the Form GSTR-3B for the month of September 2018. Press Release : GSTR 3B Due date for September 2018 Extended Press release 21st October 2018 Subject: Extension of due date to 25th… Read More »

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